Applications for New Home Purchases Jumped 3 Percent in October
Applications for mortgages for new home purchases increased 3% in October compared with September and were up 8.2% compared with September 2023, according to...
Home Price Growth Stabilized in October After Slowing for Nine Months
Home prices decreased 0.5% in October compared with September but were up 3.8% compared with October 2023, according to First American’s home price index.
Home...
Housing Starts Slowed in October as Rates Went Back on the Rise
Housing starts slipped in October, falling to a seasonally adjusted annual rate of 1.311 million, a decrease of 3.1% compared with the revised September...
Mortgage Credit Availability Increased to Highest Level Since April 2023
Mortgage credit availability increased in October, rising to a score of 99.2 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI).
The report,...
U.S. Household Debt Reached a Record $17.94 Trillion in Q3
U.S. household debt - including mortgage debt - reached a record $17.94 trillion in the third quarter, according to a WalletHub report that uses...
J.D. Power: Lenders That Advise Borrowers Through the Mortgage Process Earn Higher Satisfaction
Mortgage lenders that advise borrowers throughout the home buying process are reaping higher customer satisfaction scores, a report from J.D. Power shows.
By serving in...
Nearly 90 Percent of Metro Markets Posted Home Price Increases in Q3
Single-family existing-home sales prices increased in 87% of measured metro areas in the third quarter, down from 89% in the prior quarter, according to...
Fed Cuts Rates 0.25 Percent, But Unlikely to Have Much Impact on the Housing...
Citing that inflation is now near its 2% target and that there is some weakness developing in the labor market, the Federal Open Market...
Consumer Confidence in the Housing Market Reaches Highest Level Since 2022
Consumer confidence in the housing market increased in October, reaching its highest level since February 2022, according to Fannie Mae’s Home Purchase Sentiment Index.
The...
Baby Boomer Homeowners Passing Away Won’t Be Enough to Meet Housing Demand
There will be no excess supply of homes to the markets from older Americans moving or dying over the next decade, a research report...
Home Price Growth Forecast to Flatten in 2025
U.S. home prices increased 0.2% in September compared with October and were up 3.4% compared with September 2023, according to CoreLogic.
It was the slowest...
First-Time Homebuyer Share Drops to New Low
First-time buyers represented only 24% of all home buyers during the 12 months ended in June, down from 32% in the previous 12-month period,...
Weak October Jobs Report Boosts Likelihood of Fed Rate Cut
Only about 12,000 jobs were added to the U.S. economy in October, far below expectations, while the unemployment rate remained unchanged at 4.1%, according...
Homebuyer Affordability Improved in September, But it Likely Won’t Last
Homebuyer affordability improved slightly in September, as the national median payment applied for by purchase applicants fell to $2,041, down from $2,057 in August,...
Pending Home Sales Jumped 7.4 Percent in September
Pending home sales jumped 7.4% in September compared with August and were up 2.6% compared with September 2023, according to the National Association of...
New Home Sales in September Jumped 4.1 Percent
New home sales in September were at a seasonally adjusted annual rate of 738,000, an increase of 4.1% compared with August and up 6.3%...
Existing-Home Sales Fell Again in September
Existing-home sales decreased 1.0% in September compared with August to a seasonally adjusted annual rate of 3.84 million, according to the National Association of...
LenderLogix: Home Buyers Still Stuck in a ‘Holding Pattern’
Borrowers generated significantly fewer pre-approval letters in the third quarter compared with the second quarter, according to the latest LenderLogix Homebuyer Intelligence Report.
Borrowers generated...
Average Return on a Home Sale Decreased in the Third Quarter
The average return on a U.S. home sale decreased in the third quarter, according to ATTOM’s 2024 U.S. Home Sales Report.
The report shows that...
Housing Starts Dipped Overall in September But Rate Cut Boosted Single-Family Production
Despite a Fed rate cut leading to significant drop in mortgage rates, housing starts dipped 0.5% in September compared with August, falling to a...